Business

Worldwide Cash Express, the worldwide cash transfer business, announced the opening of its new local headquarters at Abu Dhabi Global Market (ADGM). The company currently has presence in more than 57 countries internationally with a network of greater than 100,000 pay-out locations with developed tie-ups with greater than 200 contributor representatives worldwide. The commencement of the new workplace was participated in by Elderly Representatives of ADGM and also Money Express.

Making use of the cutting-edge and also pro-business atmosphere supplied by ADGM, Cash Express will harness the state of art technology to attain extraordinary speed of procedures and solutions, as well as conformity tools that allow the agents to deliver more superior customer care. Making use of advanced system safety and security which flaunts advanced firewall softwares, geo-fencing as well as token confirmation devices will currently guarantee the protection of its agents versus cyber threats.

Cash Express is functioning to expanding its market share in leading local and also global markets consisting of the Middle East and Africa. According to the World Financial institution's most current Movement as well as Development Brief, Compensation inflows boosted in all areas in 2017 as well as the leading compensation receivers were India with $69 billion, followed by China ($64 billion), the Philippines ($33 billion), Mexico ($31 billion), Nigeria ($22 billion), and Egypt ($20 billion). Globally, remittances are expected to grow 4.6 percent to $642 billion in 2018.

Mohamed Ali Al Ansari, Chairman of the Board of Supervisors at Cash money Express, said: "The decision to open our brand-new local headquarters at Abu Dhabi Global Market remains in line with our growth method for the region. Money Express is a homegrown organisation with a global reach as well as we are proud to develop its headquarters in ADGM. By leveraging the calculated advantages supplied by ADGM as well as by including technical improvements to accelerate business development, we eagerly anticipate discovering arising chances, building new partnerships and also foraying into new markets, while frequently boosting services for our agents and also their customers."

Thomas Hirschi, Exec Director of Banking and Insurance Policy, FSRA of ADGM said: "We congratulate Worldwide Cash money Express on their auspicious launch as well as welcome them to the raising variety of banks in ADGM. We expect Worldwide Cash Express's contribution to the growth of the international monetary facility by establishing its head office in ADGM. We are proud to support neighborhood entities in their tactical aspirations and also worldwide expansion."

The new Cash Express headquarters at ADGM houses a talented team spread across many departments including customer service, agent onboarding process and compliance departments.

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